JobMaker Hiring Credit
Undoubtedly, you have heard the word “JobMaker” been thrown around lately as the latest government incentive!
So what is it?
So what is it?
In a nutshell, the JobMaker Hiring Credit is an incentive by the government to encourage new employment.
What is the eligibility criteria for you as an employer:
What is the eligibility criteria for you as an employer:
- additional employee hire (from 7 October 2020 to 6 October 2021);
- employee age – between 16 and 35 years old;
- employee must have received JobSeeker Payment, Youth Allowance or Parenting Payment for at least 28 consecutive days within the 84 days prior to the start of employment.;
- employee to have worked at least 20 paid hours per week on average during the reporting period;
- employer can claim payments in arrears from the ATO from 1st February 2021;
- employer can claim payments for up to 12 months from their employment start date;
- employer cannot claim JobKeeper and JobMaker at the same time
What is the credit amount you will receive as an employer if you are eligible:
- $200 per week for eligible employees aged 16 to 29 years old
- $100 per week for eligible employees aged 30 to 35 years old
The above is a basic summary.
For further information on this, click here.
If you believe you might be eligible for this, please feel to contact our office on (03) 9455 0219 so that we can assist you with the application.
